Photonic Integrated Circuits to Grow at 31.3% CAGR from 2013 to 2019

The demand for photonic integrated circuit market is expected to grow rapidly by 2019 due to significant improvements in terms of power consumption, system size, reliability, and cost. According to a new report published by Transparency Market Research based on the study of Photonic Integrated Circuit Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019, the global PIC market is rising at a CAGR of 31.3% in the forecast period 2013-2019. The photonic integrated circuit (IC) market was valued at US$160.1 million in 2012, and is projected to reach an estimated value of US$996.2 million by the end of 2019. 

The research report covering the overall market study of the photonic integrated market lends a deeper understanding of this market through various aspects such as raw materials, major components, application areas, integration types, and geographies actively contributing to the growth of this market during the forecast period, 2013-2019.   

Browse the full Photonic Integrated Circuit (IC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019 report at http://www.transparencymarketresearch.com/photonic-integrated-circuit.html

After electronic IC, photonic integrated circuits have captured the world of the optical network industry with its revolutionary technology and multiple photonic functions. Capable of transferring data at a faster rate, photonic ICs are developed to provide high speed with high-end functionality and decreasing size. The study analyzes, measures, and provides growth forecasts for numerous applications such as sensing, biophotonics, optical communications, and optical signal processing.  

The optical communications sector was the largest application segment under PIC applications. The growing demands for fixed and wireless network devices boosted the optical communications segment in 2012. It accounted for around 63% of the total market. The dominance is likely to continue over the next four years. The market also witnesses promising growth and demand in the sensing and biophotonics application segments due to the demand for high-speed communication in fields like medicine, defense, transportation, aerospace, and many other emerging fields. 

Moreover, the global PIC market shows positive growth signs due to inexpensive fabrication, improved reliability, high power efficiency and high data transfer rates. There is huge competition in this market as several key players are innovating PIC-based products integrated with functions/components to stay competitive across different industry platforms. 

Although hybrid integration currently accounts for 56.1% of the global PIC market and is one of the major integration technologies used in the photonic integrated circuit market, monolithic integration is the future of this market. Due to its ability to integrate medium- and large-scale PICs, the monolithic integration is expected to proliferate over the forecast period. 

Developed and used in different regions around the world, the photonic integrated circuit market is growing rapidly in the Asia-Pacific region. This region is expected to witness high growth due to the recent use of fiber optical communication technology and penetration of image processing capabilities among PIC experts. North America was the leading regional market in 2012. It held the largest market share, accounting for nearly 45% of the global PIC market in the same year. Growth in North America can be attributed mainly to the high use of PIC-based products, especially data center and wireless access network applications.    

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Quantum computing, an upcoming PIC application, will be commercialized on a larger scale over the next four years. The use of photonics to serve the purpose of computation using data transfer and high-speed data processing poses great opportunities for the bristling PIC market. 

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Cable Management System Market Expected to Reach US$ 15,609.1 Mn in 2020

Global cable management system market was valued at US$ 7,190.2 Mn in 2013, growing at a CAGR of 11.8% from 2014 to 2020. Significant growth in the construction industry in BRICS economies coupled with a number of ongoing and planned major infrastructure development projects in MENA region are driving the growth of cable management system market, globally. In addition, renewal and upgradation of existing networks in mature economies is further bolstering the demand for cable management products. The global cable management system market is expected to reach the market size of US$ 15,609.1 Mn by 2020. However, high fragmentation of the cable management system market at regional levels and volatility in raw material prices hinders the growth of the global cable management system market.

Browse the full Cable Management System Market (Cable Tray, Raceway, Floor Duct and Junction Box, Cable Conduit, Cable Connectors, Cable Glands, Cable Chains and Reels, Cable Lugs and Tools, Others (Cable Tags and Route Markers)) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/cable-mangement-system-market.html

Currently, the global cable management system market is more than 65% commoditized. The products such as cable trays, raceways, conduits, connectors and floor ducts & junction boxes have existed over the past decade and are a regular feature of infrastructures across varied end-use verticals.  The cable tray segment led the market in 2013, accounting for over 20% of the global revenue share. It is expected to continue its dominance throughout the forecast period as the product’s adaptability, reliability, inherent safety features, and ease of maintenance result in major cost savings.

In addition, the cable management system market has been further segmented by end-use industries into IT & telecom, manufacturing, energy & utility, healthcare, logistics & transportation, mining, and others (residential, government, retail, hospitality, critical infrastructure). The significant growth in IT & telecom segments, particularly across the Asia Pacific and RoW regions, has fueled the cable management system market. With significant growth in the IT and telecommunication sector, a large number of cable management products such as: cable trays, raceways, conduits, floor ducts, and junction boxes are being utilized in the respective infrastructural requirements. Thus, IT & telecom segment held majority share of the global cable management systems market in 2013, accounting for around 26%. The segment is further expected to continue its dominance during the forecast period 2014 to 2020. 

The cable management system market is recognized for brand value, with dominant players known to mark their presence. However, the global cable management systems market is highly fragmented at regional levels with both organized and unorganized players operating in the market. Some of the key players profiled in this report include Chatsworth Product, Inc., Thomas & Betts Corporation (ABB Group), Legrand SA, Schneider Electric SE, Cope (Atkore International Holdings Ltd.), Cooper Wiring Devices (Eaton Corporation), Voestalpine Metsec plc (Voestalpine Group), and Allied Tube & Conduit (Atkore International Holdings Ltd.) among others.

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Global Cable Management System Market, By Product Type

• Cable Tray
• Raceway
• Floor Duct and Junction Box
• Cable Conduit
• Cable Connectors
• Cable Glands
• Cable Chains and Reels
• Cable Lugs and Tools
• Others (Cable Tags and Route Markers)

Global Cable Management System Market, By End-use Industry

• IT & Telecom
• Manufacturing
• Energy & Utility
• Healthcare
• Logistics & Transportation
• Mining

Others (Residential, Government, Hospitality, Critical Infrastructure, Retail)

Global Cable Management System Market, By Region

• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

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Power Transformers Market to Ride on Increasing Global Energy Demand to Reach US$28.69 Billion by 2019

Transparency Market Research (TMR) announces the release of its latest report, titled “Power Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, which is available for sale on the company website. Based on data furnished by the report, the global power transformers market stood at US$17.12 billion in 2012 and is anticipated to grow to a market value of US$28.69 billion, registering a CAGR of 7.7% from 2013 to 2019. Volume-wise, the power transformers market stood at 10,474 units in 2012. This figure is projected to grow to 17,283 units by 2019. The power transformers market is expected to grow at a compound annual growth rate of 7.5% during the forecast period of 2013 to 2019. 

Browse the full Power Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/power-transformer-market.html

The report segments the power transformers market on the basis of region and power ratings. By power ratings, the three main segments analyzed are 100 megavolt amperes (MVA) to 500 MVA, 501 MVA to 800 MVA, and 801 MVA to 1200 MVA. Regionally, the power transformers market is divided into North America, Asia-Pacific, Europe, and Rest of the World. 

Lower-rating transformers have been the most widely used units anywhere in the world and as a result, transformers with a power rating of 100 MVA to 500 MVA dominated the market in 2012, accounting for 68.2% of the revenue share. This segment is projected to grow at a CAGR of 8% from 2013 to 2019. Geographically, Asia-Pacific emerged as the leader of the power transformers market, growing at an 8.2% CAGR during the forecast period. This growth has been attributed to rising energy requirements and technological advancements. Looking to widen their power infrastructure, countries in the Middle East have been identified as lucrative emerging markets for power transformers.

A TMR analyst explains that the power transformers market is principally driven by the escalating demand for energy from all parts of the world. “With rising awareness regarding reduction in carbon footprint, smart grids and super grids have gained significance in recent times. This has received added impetus from favorable government regulations and the upgrading and renewal of existing power networks,” the analyst states, adding, “However, the power transformers market is likely to be hit by volatile prices of raw materials.” 

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The global power transformers market is relatively fragmented by nature. Some of the leading players in the worldwide market are Mitsubishi Electric Corporation, Siemens Energy, Crompton Greaves Ltd., GE Co., Bharat Heavy Electricals Limited, Toshiba Corp., Alstom SA, ABB Ltd., Hyundai Heavy Industries Co. Ltd., and Hyosung Power & Industrial Systems Performance Group. The research report studies the competitive landscape of the power transformers market on the basis of criteria such as company and financial overview, business strategies, and developments. The report also conducts a SWOT analysis of individual companies, highlighting and evaluating each player’s strengths, weaknesses, opportunities, and threats.

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U.S., Europe and Japan Orthopedic Soft Tissue Surgical Procedures Market Expected to Reach USD 10.2 Billion in 2020

The U.S., Europe and Japan orthopedic soft tissue surgical procedures market was valued at USD 7.3 billion in 2013 and is estimated to reach a market worth of USD 10.2 billion in 2020 growing at a CAGR of 4.9% from 2014 to 2020. The report on U.S., Europe and Japan orthopedic soft tissue surgical procedures market studies market size of rotator cuff repair, vaginal prolapse, lateral epicondylitis, achilles tendinosis repair, gluteal tendon repair and anterior cruciate ligament reconstruction (ACL). Rising number of sport related injuries coupled with growth of active aging population in the developed regions would boost the demand of orthopedic soft tissue surgeries. According to the American Academy of Orthopaedic Surgeons (AAOS) and the American Orthopaedic Society for Sports Medicine, over 150,000 anterior cruciate ligament (ACL) injuries occur each year in the U.S. alone. Additionally, introduction of high cost and innovative surgical repair products and increasing incidence of obesity have raised the demand of orthopedic surgeries thereby propelling market growth. For example, Biomet, Inc. launched JuggerKnotless Soft Anchor device in July 2014 which featured company’s all-suture anchor technology. 

Browse the full U.S., Europe and Japan Orthopedic Soft Tissue Surgical Procedures Market (Rotator Cuff Repair, Vaginal Prolapse, Lateral Epicondylitis, Achilles Tendinosis Repair, Gluteal Tendon/Trochanteric Bursitis Repair and Anterior Cruciate Ligament (ACL) Reconstruction): Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020 report at http://www.transparencymarketresearch.com/soft-tissue-repair-sports-medicine.html

This device enables the repair of rotator cuff damage with better restoration and high efficacy. Growing acceptance of minimally invasive soft tissue surgical techniques (arthroscopy procedures) has enabled the completion of soft tissue surgeries in shorter time with lesser complication rates. This factor is also increasing the uptake of soft tissue surgeries. However, asymptomatic nature of soft tissue surgeries and high threat from conservative therapy are anticipated to restrain the market growth.

In terms of various surgical procedures ACL reconstruction accounted for the largest share of the market in 2013. ACL reconstruction is also likely to retain its dominant position in the future as it is the most common knee injury that requires surgical intervention. Rising participation in sports such as football, basketball and others along with increasing number of patients opting for reconstructive surgeries due to introduction of minimally invasive surgeries would fuel the growth of this segment. Similarly, launch of bio-absorbable which nullifies the risk related to implant removal would also aid in increasing the market size for ACL reconstruction. The market of gluteal tendon repair accounted for the smallest share in 2013 owing to large pool of patients being treated by non-operative methods such as pain killers and steroid injection for this condition. 

Geographically, the U.S. orthopedic soft tissue surgical procedures market captured major market revenue in 2013 and is expected to dominate the market during the forecast period from 2014 to 2020. Rising population base, increasing urge to stay healthy among geriatric population and improving healthcare coverage would contribute towards the growth of orthopedic soft tissue surgical procedures in this region. The orthopedic soft tissue surgical procedures market in Europe is anticipated to grow at a CAGR of 4.7% due to increasing number of sports related injuries. According to “Injuries in the European Union” published by EuroSafe, sports related injuries accounted for around 14% of the total injuries in the European Union. Similarly, a survey conducted by the professionals in Europe in 2010 concluded that the annual prevalence of people consulting for shoulder pain was 2.4% in the U.K.; most of these were attributed to rotator cuff injuries. Thus, increasing incidences of soft tissue injuries would propel the market growth in this region.

The orthopedic soft tissue surgical procedures market is fragmented in nature and is dominated by players, namely Arthrex, Inc., Smith & Nephew, plc., DePuy Synthes, Inc., Stryker Corporation., CONMED Corporation, and ArthroCare Corporation. Of all these, Arthrex was identified as the largest player in this market in 2013 followed by Smith & Nephew and Depuy Synthes, Inc. 

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The U.S., Europe and Japan orthopedic soft tissue surgical procedures market is segmented as follows:

U.S. Orthopedic Soft Tissue Surgical Procedures Market, by Indications

• Rotator Cuff Repair
• Vaginal Prolapse
• Lateral Epicondylitis
• Achilles Tendinosis Repair
• Gluteal Tendon Repair
• Anterior Cruciate Ligament (ACL) Reconstruction

Europe Orthopedic Soft Tissue Surgical Procedures Market, by Indications

• Rotator Cuff Repair
• Vaginal Prolapse
• Lateral Epicondylitis
• Achilles Tendinosis Repair
• Gluteal Tendon Repair
• Anterior Cruciate Ligament (ACL) Reconstruction

Japan Orthopedic Soft Tissue Surgical Procedures Market, by Indications

• Rotator Cuff Repair
• Vaginal Prolapse
• Lateral Epicondylitis
• Achilles Tendinosis Repair
• Gluteal Tendon Repair
• Anterior Cruciate Ligament (ACL) Reconstruction

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U.S. Vaccine Market Expected to Reach USD 17.3 Billion in 2020

The U.S. vaccine market was valued at USD 12.8 billion in 2013 and is expected to grow at a CAGR of 4.3% from 2014 to 2020, to reach an estimated value of USD 17.3 billion in 2020. Earlier, the only way to achieve immunity against a disease was through infection with the actual disease, which is known as naturally-acquired immunity. Today, a number of vaccines are available that are administered to boost immunity against various diseases. The U.S. Centers for Disease Control and Prevention (CDC)’s Advisory Committee on Immunization Practices (ACIP) recommends vaccination against many diseases including hepatitis A, hepatitis B, influenza, meningococcal, pneumococcal, human papillomavirus (HPV), polio, rabies, rotavirus, varicella and Japanese encephalitis, among others. The U.S. vaccine market is growing under the influence of factors such as rising awareness regarding vaccination through various governmental and non-profit organizations, extremely low risk of serious and fatal side effects associated with vaccines and burgeoning demand for adult vaccines. On the contrary, stringent regulatory approval process, high cost associated with new vaccine discovery and development, and burden of maintaining cold chain logistics to prevent loss of vaccine potency and efficacy are some major factors creating hindrance in the growth of vaccine market. 

Browse the full U.S. Vaccine Market (Human Vaccines: Hepatitis, Influenza, Meningococcal, Pneumococcal, HPV, Combination Vaccines; Animal Vaccines: Canine, Feline, Porcine, Bovine, Ovine, Poultry and Equine) - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/us-vaccine-market.html

The U.S. vaccine market is majorly segmented into human and animal vaccines. The market for U.S. human vaccines has been further classified into pediatric and adult vaccine markets. The pediatric vaccine market represented the larger segment by revenue in 2013. However, during the forecast period from 2014 to 2020, the market for adult vaccines is expected to expand at a higher CAGR than the pediatric vaccines market. One of the major reasons for this is the CDC’s recommendations to adults for immunization against several diseases such as flu, pneumococcal, meningococcal, HPV infection, chickenpox and hepatitis. The CDC’s recommendations to all U.S. citizens aged 6 months and older travelling abroad to be up-to-date on routine vaccines and travel vaccines, also contribute to the market growth of adult vaccines.

On the basis of different antigens, the U.S. human vaccine market is segmented into hepatitis, influenza, meningococcal, pneumococcal, HPV, combination vaccines, and others. Of these, the combination vaccines segment held the largest share by revenue in 2013, though meningococcal vaccines are likely to form the fastest growing segment during the forecast period. This is primarily due to the anticipated launch of pipeline products in this segment during the forecast period. The U.S. human vaccine market is dominated by five major vaccine manufacturers: GlaxoSmithKline plc, Sanofi, Pfizer Ltd, Merck & Co., Inc., and Novartis International AG. These players collectively accounted for more than 85% of the total market revenue in 2013.

The U.S. animal vaccine market has been broadly classified as companion and livestock vaccine markets. The companion animal vaccine market segment has been further categorized into canine and feline, while the livestock vaccines market segment has been divided into porcine, bovine, ovine, poultry and equine sub-segments. Within the livestock vaccine market, bovine vaccine market represented the largest segment in terms of revenue in 2013. However, during the forecast period between 2014 and 2020, the poultry vaccine market is expected grow at the highest rate. Zoetis, Inc., Merck & Co., Inc. (Merck Animal Health), Sanofi (Merial, animal health division of Sanofi) and Boehringer Ingelheim are the leading players in the U.S. animal vaccine market.

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The U.S. vaccine market is segmented as follows:

U.S. Human Vaccine Market, by Type

• Pediatric
• Adult

U.S. Human Vaccine Market, by Antigen

• Hepatitis (A & B)
• Influenza
• Meningococcal
• Pneumococcal
• Human Papillomavirus (HPV)
• Combination Vaccines (DTaP, DTaP-Hep B-IPV, DTaP-IPV and DTaP-IPV)
• Others

U.S. Animal Vaccine Market, by Animal Type

• Companion Animal Vaccine Market
• Canine
• Feline
• Livestock Vaccine Market
• Porcine
• Bovine
• Ovine
• Poultry
• Equine

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IPTV Market Segment Forecast up to 2020, Research Report: Transparency Market Research

According to a new market report published by Transparency Market Research “IPTV Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” the market was valued at USD 24.94 billion in 2013 and is expected to reach USD 79.38 billion by 2020, growing at a CAGR of 18.1% from 2014 to 2020. Western Europe was the largest revenue contributor in 2013, accounting for almost 38% of the global IPTV market revenue. The growth is mainly driven by increasing broadband penetration and decreasing prices of IPTV subscription globally. The IPTV market lately has also witnessed increase in number of IPTV subscribers, mainly fueled by demand for enhanced user viewing experience as delivered by IPTV and development of supporting infrastructure in emerging countries. Asia Pacific is analyzed to be the fastest growing market for IPTV during the forecast period. IPTV market for Asia Pacific excluding Japan (APEJ) is estimated to grow at a CAGR of 21.1% from 2014 to 2020. China, India, South Korea and Indonesia are expected to be the major contributors to the market in the near future.

Browse the full IPTV Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report athttp://www.transparencymarketresearch.com/internet-protocol-television-market.html

The global IPTV market is expected to witness hefty growth during the forecast period mainly driven by video-on-demand (VoD) services, interactive services, multi-view on multi-screens offered by telcos along with pure-play IPTV services. The market is poised to grow considerably due to increasing broadband penetration in Asia Pacific, Middle East and Africa, and Latin America, which helps in meeting the primary infrastructure requirements needed to deliver IPTV services.

Explosion of internet content and advancement in mobile devices has ignited a global revolution in terms of how consumers interact with and access online content. Increasing demand for better viewing experience has fueled the adoption of IPTV services worldwide. The proliferation of cloud-based entertainment services such as HBO Go, Xfinity, Hulu, and Amazon is enabling viewers to access “TV. Anywhere” by logging into their online subscriptions through IPTV services. IPTV service providers have observed increase in adoption of the services across corporate and enterprise segments. The hospitality industry adopts IPTV services in order to enhance customer service experience. IPTV enables hotels to deliver the clear and crisp HD resolution, while providing virtually limitless entertainment options at the same time. It also enables hotel to distribute guest information via in-room television screens, hence parlaying a more eco-friendly and efficient communication method. This aids hotels in ensuring high customer loyalty, which in turn increases their business.

China has one of the highest numbers of IPTV subscribers worldwide and is expected to continue to see proliferation in IPTV subscribers during the forecast period. Reduction in the service costs along with fast expanding broadband infrastructure and an ever-expanding middle class income group (population) are propelling the market growth in this region. IPTV services are availed through internet connection; therefore increase in broadband penetration is anticipated to continue contributing to the market growth in the near future. Government laws to promote broadband connection in the emerging countries such as India are anticipated to further fuel the number of IPTV subscribers over the forecast period.

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IPTV solutions enable the distribution of broadcast-quality digital TV and video content over IP networks to an unlimited number of end-points such as standard TVs, personal computers, interactive whiteboards, digital signage, digital AV projectors, or any other video display device equipped with internet connectivity. IPTV is attracting noteworthy corporate interest as a tool to communicate with employees, improve training, satisfy compliance requirements, and reduce travel costs. Clubs, stadiums, and entertainment venues aim at offering entertainment services in order to provide an exceptional experience to their corporate guests and fans. IPTV services make them realize this goal. Hospitality sector focuses on the customers’ comfort and personalized services; therefore have started adopting IPTV services. 

The report includes analysis of global IPTV market and provides estimates in terms of revenue (USD Billion) from 2012 to 2020. Market estimates are provided for segments, categorized on the basis of end-users, and geography. The market has been segmented as follows:

Market Segmentation of Global IPTV Market:

IPTV Market, by Type

• Enterprises
  • Small Enterprise
  • Medium Enterprises
  • Large Enterprises
• Residential

IPTV Market Revenue, By Geography

• North America
• Europe
  • Western Europe
  • Eastern Europe
• Asia Pacific
  • Asia Pacific (excluding Japan)
  • Japan
• Middle East and Africa
• Latin America

About Us

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr. Atil

90 State Street, Suite 700

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Tel: +1-518-618-1030

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Website: http://www.transparencymarketresearch.com/

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Global Pain Management Devices Market to Grow at a CAGR of 13.1% Between 2012 and 2018

According to a new research study on the global pain management devices market published by Transparency Market Research, states that the market will observe growth from US$2.0 billion in 2011 to US$5.0 billion by 2018, registering a CAGR of nearly 13.1% over the period. The report is titled “Pain Management Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018”. 

The report states that technological advancements observed in new products in the market and rising sophistication of the products have helped revolutionize the global pain management devices market. The overall field of pain management has significantly benefitted from the huge volume of past as well as ongoing research activities undertaken in the area of pain sensations and processes related with their neurotransmission.

Browse the full Global Pain Management Devices Market (Electrical Stimulators, Radiofrequency Ablation, Analgesic Pumps, Neurostimulation Devices) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 report at http://www.transparencymarketresearch.com/pain-management-drugs-devices.html

A rising geriatric population base across the globe, which has consequently led to increased prevalence of age-related health conditions such as arthritis and chronic conditions such as cancer and diabetes, is also driving the global pain management devices market. The prolonged use of pain management drugs induces many serious side-effects on patient’s health, owing to which better ways for managing pain are always aspired by the end-user. This trend has always benefitted the market for pain management devices. 

The report segments the global pain management devices market into three major parts: the variety of product types available in the market, chief application areas of pain management devices, and chief regional markets.

The product type electrical stimulators, and especially of the variety Transcutaneous Electrical Nerve Stimulators (TENS) is currently the most widely used pain management devices types in the market. The market value of this product segment was nearly US$208.7 million in 2011, and is expected to grow at a CAGR of 8.2% during the report’s forecast period. However, the market segments radiofrequency ablation and neurostimulation devices are expected to grow at the highest rates during the forecast period, owing to rising prevalence of a variety of neuropathic diseases across the globe. The market segment neurostimulation devices is expected to grow at a CAGR of nearly 15.2% over the forecast period. 

On the geographic front, the regional market of North America reserved the largest share of the global pain management devices market in 2011. However, the regional market of Asia is predicted to grow at the highest pace, nearly 21.7%, over the period of report’s forecast. The growth can be attributed to an overall rise in awareness about early diagnosis and ongoing management of chronic pain conditions and rising disposable incomes in the region, making high-end pain management devices feasible to the population.

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Also, WHO has predicted that Asia will have the world’s largest number of diabetic patients by the end of the year 2020. This, coupled with favorable medical reimbursement policies in the region will drive future demands for pain management devices.

The predominantly oligopolistic nature of the global pain management devices market features only a few chief businesses such as Kimberly Clark, St. Jude Medical, Medtronic Inc, and Boston Scientific.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports. 

Contact

Mr.Nachiket

90 Sate Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com

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